The_Technician
Active member
imported post
I posted this in the S fund also...
I completed an Elliotwave breakdown on the Wilshire and S&P data for Dec.....it looks like we could experience two possible highs on or about the 14th of Dec or on the 4th of Jan.....I'm looking for anything above 565 on the Wilshire and 1270-1285 on the S&P 500....if those levels are reached I expect a sudden pullback....I haven't processed data on how much of a pull back.....but I can say this if you haven't already figured this out...looks like we could be at an end of the run.....meaning a correction is possible.....seeing how things are going economically, anything could happen....if we continue to get good trends in enabling the economic engine to run then we could run but if we get anything other then expect a correction.....
I'm expecting a sell off in 2006 just for tax purposes.....
:dude:
I posted this in the S fund also...
I completed an Elliotwave breakdown on the Wilshire and S&P data for Dec.....it looks like we could experience two possible highs on or about the 14th of Dec or on the 4th of Jan.....I'm looking for anything above 565 on the Wilshire and 1270-1285 on the S&P 500....if those levels are reached I expect a sudden pullback....I haven't processed data on how much of a pull back.....but I can say this if you haven't already figured this out...looks like we could be at an end of the run.....meaning a correction is possible.....seeing how things are going economically, anything could happen....if we continue to get good trends in enabling the economic engine to run then we could run but if we get anything other then expect a correction.....
I'm expecting a sell off in 2006 just for tax purposes.....
:dude:
